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Cryptocurrency

Isn’t Ethereum addressing the energy use？regardless of reality you could probably make a quick return buying then dumping it.

Funny looking back on the posts from 2021. Hope you guys sold at the right time.
 
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Bullet said:
Pricks were saying it was the next big thing.
So I put some disposable cash in there.
It is now worth 27% of what I put in.
Great investment.
I don't even want to take it out.
I just want it to rot or explode.
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I have never touched it thankfully and I am am in a place where I can keep my money in safe medium interest accounts, few decent work pensions and I will be ok when older so its never appealed and I have never felt greedy enough to chase money. So from that stand point I have had the chance to laugh at the idea people have paid fortunes for pictures to put in their signatures that have bottomed out and been seen for what they are. Someone spent ages arguing how a picture on the internet could be sold for thousands although I could copy it and own the same picture, obviously more to it, but to pretend that it was really more than it was is laughable.

Loads of footballers being taken to task for endorsing NFT when they had zero clue what it was and it tanked
 
Bullet said:
Pricks were saying it was the next big thing.
So I put some disposable cash in there.
It is now worth 27% of what I put in.
Great investment.
I don't even want to take it out.
I just want it to rot or explode.
Click to expand...


Against my own instinct, I got hooked into the narratives of BTC… then slapped myself when I looked at how sensitive it was and correlated to Macro. I just trade it and small sizes due to the volatility, mainly on perp derivatives. Will buy some spot when I think it’s bottomed for the next cycle but no rush and no need to catch the very bottom
What did you invest in, BTC or others? Unless it gets banned or cracked.. both unlikely.. BTC will always come back, but it’s so correlated to Macro now and just a very high Beta stock. So until “risk on” is the order of the day, unlikely to reverse the overall trend and get back to the highs any time soon.
As a rule, when peeps are saying it’s the next big thing, or your taxi driver is asking how and where to buy it…it’s time to dump your bags!
 
Hashegotthesackyet? said:
Against my own instinct, I got hooked into the narratives of BTC… then slapped myself when I looked at how sensitive it was and correlated to Macro. I just trade it and small sizes due to the volatility, mainly on perp derivatives. Will buy some spot when I think it’s bottomed for the next cycle but no rush and no need to catch the very bottom
What did you invest in, BTC or others? Unless it gets banned or cracked.. both unlikely.. BTC will always come back, but it’s so correlated to Macro now and just a very high Beta stock. So until “risk on” is the order of the day, unlikely to reverse the overall trend and get back to the highs any time soon.
As a rule, when peeps are saying it’s the next big thing, or your taxi driver is asking how and where to buy it…it’s time to dump your bags!
Click to expand...
I put a little into each of that day's top 12 "coins" and they have all tanked except USDT TetherUS which might be the dollar, I have no clue what these things are, seems to stay exactly the same, has gone up 1%.
ETH is at 37% of what it was
BTC at 36%
ADA at 26%
XRP at 24%
DOT at 19%
LTC at 15%
EOS at 13%
DOGE at 12%
VET at 11%
BCH at 9%
FIL at 4%

Really exciting investment. Would definitely do it again.
 
Bullet said:
I put a little into each of that day's top 12 "coins" and they have all tanked except USDT TetherUS which might be the dollar, I have no clue what these things are, seems to stay exactly the same, has gone up 1%.
ETH is at 37% of what it was
BTC at 36%
ADA at 26%
XRP at 24%
DOT at 19%
LTC at 15%
EOS at 13%
DOGE at 12%
VET at 11%
BCH at 9%
FIL at 4%

Really exciting investment. Would definitely do it again.
Click to expand...

LOL, sounds familiar. :D

It was all a bit speculative for me, and I only invested what I could afford to lose, so I'm ok with how things panned out. Since I don't need to sell, I'll just sit on my assets and hope that maybe one day they will be worth cashing in on.
 
Bullet said:
I put a little into each of that day's top 12 "coins" and they have all tanked except USDT TetherUS which might be the dollar, I have no clue what these things are, seems to stay exactly the same, has gone up 1%.
ETH is at 37% of what it was
BTC at 36%
ADA at 26%
XRP at 24%
DOT at 19%
LTC at 15%
EOS at 13%
DOGE at 12%
VET at 11%
BCH at 9%
FIL at 4%

Really exciting investment. Would definitely do it again.
Click to expand...

outch there is some proper dogs poo amongst that lot too... clue in the name sh1tcoin! They'll be another cycle ...hopefully.... but many of them won't recover. Think you said disposable income so a painful experience but hopefully not catastrophic. If it's any consolation in 2017/2018 i bought a token at $6 saw it go to $40 then rode it all the way down to sub $1 lmao... kind of!
 
Hashegotthesackyet? said:
outch there is some proper dogs poo amongst that lot too... clue in the name sh1tcoin! They'll be another cycle ...hopefully.... but many of them won't recover. Think you said disposable income so a painful experience but hopefully not catastrophic. If it's any consolation in 2017/2018 i bought a token at $6 saw it go to $40 then rode it all the way down to sub $1 lmao... kind of!
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Why would you not take a partial cash out at €40? You would surely do that with any other asset class.
 
Danishfurniturelover said:
Why would you not take a partial cash out at €40? You would surely do that with any other asset class.
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same reason a lot of people didn't take any profits out of BTC at $69K.. greed. It was only a small amount but people were talking $200 a token from $60.. then the brick coin casino got rugged... plus I dumoed XRP at *$3.25 from 0.25 and sold BTC at 17K back then so was overall nicely up!
 
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Hashegotthesackyet? said:
same reason a lot of people didn't take any profits out of BTC at $69K.. greed. It was only a small amount but people were talking $200 a token from $60.. then the brick coin casino got rugged... plus I dumoed XRP at *$3.25 from 0.25 and sold BTC at 17K back then so was overall nicely up!
Click to expand...

It is the same with my forex trading that I'm learning. I take small profits and don't try to catch the top and bottom.

I don't understand all these people trying to get in at the bottom and out at the top, feels like vanity to me. Like they are trying to prove they know the market better then others.

Make some money then fcuk off and sit in the garden.
 
Danishfurniturelover said:
It is the same with my forex trading that I'm learning. I take small profits and don't try to catch the top and bottom.

I don't understand all these people trying to get in at the bottom and out at the top, feels like vanity to me. Like they are trying to prove they know the market better then others.

Make some money then fcuk off and sit in the garden.
Click to expand...

I don't touch forex tbh; do you stick to a one or 2 pairs or trade many?
 
Hashegotthesackyet? said:
I don't touch forex tbh; do you stick to a one or 2 pairs or trade many?
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Pound dollar and euro dollar.

Have plenty of losing trades, but what I'm not doing it is sweeting it. Some seem to want to find a Holy grail system. Check for the moving averages. Check for the 10 minute and 5 minute time frames are moving in a short or buy then go in on a 3 minute time frame try to make some money and get out after a couple of minutes no matter what.

If you ho in in the morning after the Asian session has finished you should be OK. It is accepting the loses without getting all worked up and accepting wins without thinking you are gods gift.

Literally make money and fcuk off. Brought euro against the dollar this morning and was wrong, happened right at turn of structure. brick happens lost £240. Don't chase or revenge trade, the are plenty more days to trade and money to be made. Don't blow your bank stay in the game and compound your wins.

Will see a year from now how much is in there fx account. Started £1000 went down to £700 up to a high of £2,800 now back down to £1,400. Got over confident at a point plus had a major breakdown last month.

Think it helps to think of the market as a woman who is going to do what she likes when she likes. You just have to be careful around it and enjoy it while you there.

To many people are blowing banks being greedy or trying to be clever. No one could ever accuse me of trying to be clever and I think that will be my edge long term.
 
Danishfurniturelover said:
Pound dollar and euro dollar.

Have plenty of losing trades, but what I'm not doing it is sweeting it. Some seem to want to find a Holy grail system. Check for the moving averages. Check for the 10 minute and 5 minute time frames are moving in a short or buy then go in on a 3 minute time frame try to make some money and get out after a couple of minutes no matter what.

If you ho in in the morning after the Asian session has finished you should be OK. It is accepting the loses without getting all worked up and accepting wins without thinking you are gods gift.

Literally make money and fcuk off. Brought euro against the dollar this morning and was wrong, happened right at turn of structure. brick happens lost £240. Don't chase or revenge trade, the are plenty more days to trade and money to be made. Don't blow your bank stay in the game and compound your wins.

Will see a year from now how much is in there fx account. Started £1000 went down to £700 up to a high of £2,800 now back down to £1,400. Got over confident at a point plus had a major breakdown last month.

Think it helps to think of the market as a woman who is going to do what she likes when she likes. You just have to be careful around it and enjoy it while you there.

To many people are blowing banks being greedy or trying to be clever. No one could ever accuse me of trying to be clever and I think that will be my edge long term.
Click to expand...


Yeh you can’t trade and not expect to lose. You can remain very profitable if you have a 60/40 win rate, provided your R score is high enough. Risk management is key hence why majority blow their accounts once human psychology gets a grip.
 
Bullet said:
Pricks were saying it was the next big thing.
So I put some disposable cash in there.
It is now worth 27% of what I put in.
Great investment.
I don't even want to take it out.
I just want it to rot or explode.
Click to expand...
Thankfully I've kept my savings in stocks and funds, with about 50% in index funds and the rest spread out in various other funds and stocks. 379% profit in 13 years. Pretty decent that.
 
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Kandi1977 said:
Thankfully I've kept my savings in stocks and funds, with about 50% in index funds and the rest spread out in various other funds and stocks. 379% profit in 13 years. Pretty decent that.
Click to expand...
Likewise, 95% of my savings* are in stocks and shares ISAs and Pensions, so this was just a dabble with disposable income because I couldn't abide the thought that my big mouth part-time trader "mate" would suddenly get dirty rich.
Oh, plus my house.
Regardless, I'm sure I'll die before I can convert it all into hookers and blow though.
 
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